Definition of Economics: Economics is the study of how self interest manifests through the human race. _James Quillian
The most common transaction a human being makes is to bargain freedom away in return for comfort. This is the first transaction a person makes and continues to make throughout a lifetime _James Quillian
"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." _Plato
"Taken' and leavin' is the way of the world."_Uncle Remus
Government is a means to an end. Folks with political power get to use government to get what they want. _James Quillian
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Tag Archives: Economics Depression Stock Market Crash
Can Traders Adapt?
The bison is near extinct as a species because a new predator moved into its living space. The bison herds had no way to adapt fast enough to avoid near extinction. Ordinary securities traders are, as a result of high … Continue reading
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Tagged Economics Depression Stock Market Crash, high frequency trading, Stock Market Wall Street
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The Stock Market Is Cooked
I just want to remind everyone that despite a few days of higher stock prices, the stock market is cooked as is the U.S. Economy. This cannot be prevented. The pillars of free enterprise have been removed and replaced by … Continue reading
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Tagged Economics Depression Stock Market Crash, stock market crash
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Stock Market Crash To Continue
Before the U.S. financial markets open tomorrow morning it is important to remember that all assets, especially stocks are on borrowed time with respect to value. Governments around the globe have spent the last two decades conducting monetary and fiscal … Continue reading
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Tagged Economics Depression Stock Market Crash
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Economic Depressions Follow A Pattern
Economic depressions follow a pattern. Typically the beginning is characterized by stubborn adherence to a number of erroneous beliefs that have made the economic downturn inevitable. Today there is still an almost universal belief that government can create jobs and … Continue reading
Posted in Daily Comments
Tagged Economics Depression Stock Market Crash
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Understanding Monetary Policy
Because economists as a rule believe in the imaginary incentive to serve, they work on the basis that Federal Reserve Open Market Committee members are selflessly doing all they can to do what is right for the economy. Because the … Continue reading →
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